UBS, PwC, ConsenSys, Monetas, Thomson Reuters,
Luxoft among first members; Former UBS Group CIO Oliver Bussmann
named President
Crypto Valley Association, the
Swiss-based not-for-profit association supporting the development
of blockchain and cryptographic related technologies and
businesses, today launched with a number of leading companies and
startups as members, including ConsenSys, UBS, PwC, Thomson
Reuters, Luxoft, Canton of Zug, and Lucerne University.
Switzerland has established itself as one of the world’s leading
countries for digital innovation. Home to hundreds of multinational
enterprises, technology companies, and financial institutions, the
country boasts world-leading infrastructure, a sophisticated
workforce, and one of the world’s most decentralized, stable and
neutral political systems.
Headquartered in the Swiss canton of Zug, Crypto Valley
Association is the independent, government-supported association
established to take full advantage of Switzerland’s strengths to
build the world’s leading blockchain and cryptographic ecosystem,
working with government to foster the development of pioneering
digital technologies in Switzerland and internationally. The
association will support startups and established enterprises
through policy recommendations, initiating and enabling research
projects, and organizing conferences, hackathons, and other
industry events.
Crypto Valley Association is led by President Oliver Bussmann,
Founder and Managing Partner of Bussmann Advisory and ex-CIO of UBS
and SAP; Vice President Vasily Suvorov, Vice President Technology
Strategy Luxoft; and Treasurer Professor René Huesler, Director of
the Lucerne School of Information Technology, Lucerne University of
Applied Sciences and Arts.
“Blockchain and cryptographic related technologies and
businesses are the wave of the future. With the founding of Crypto
Valley Association, we are promoting more than a region: we have
founded a global association as a base for the sector’s most
innovative and forward thinking companies, further strengthening
Switzerland’s position as a leading centre of innovation in this
sector,” said Oliver Bussmann, President of Crypto Valley.
Crypto Valley Association is drawing venture capital, private
equity, media, established IT firms, universities, and young
startups. Network effects include attracting a highly skilled labor
force and developing a rich ecosystem of resources and know-how for
entrepreneurs and established players. Founding members include:
PwC, Luxoft, UBS, ConsenSys, Thomson Reuters, Lucerne University,
Lykke Corp, Monetas AG, iprotus GmbH, Inacta AG, bacademy, Canton
Zug, Lakeside Business Center AG, Lakeside Partners AG, Leon
Partners and the City of Zug.
"Emerging technology such as Blockchain and Crypto-technologies
are at the heart of the digital transformation of Financial
Services. PwC have explicitly made digital one of our key
priorities and support a number of initiatives around the world to
foster innovation. By supporting and being part of the Crypto
Valley in Switzerland, we engage with a rapidly growing ecosystem
and contribute our expertise and perspectives on how to leverage
technology for positive change in society," said Manoj Kashyap,
Global FinTech Leader for PwC.
"As the largest blockchain startup, ConsenSys is proud to
support and be part of the Crypto Valley Association in
Switzerland. Through this initiative, we look forward to
opportunities to collaborate with likeminded organizations that
understand the power of blockchain to reshape our world for the
better, and are committed to accelerating the adoption of
decentralized technologies in use cases that range from government,
to enterprise, to humanitarian impact,” said Joseph Lubin, Founder
of ConsenSys.
Speaking on the announcement, Veronica Lange, Head of Innovation
at UBS said, "Blockchain technology could transform the financial
industry and help to create new and improved financial services for
clients. Collaboration on innovation is core to our strategy and
especially needed for blockchain. UBS strongly supports activities
to build out the FinTech ecosystem in Switzerland, and is pleased
to join the Crypto Valley Association to drive further
collaboration on blockchain technology in the region."
“We see Blockchain and Distributed Ledger Technologies at the
core of Digital Transformation. Many of our clients across key
verticals are embarking on pilot projects and are considering
decentralized, breakthrough business models. The Crypto Valley
Association is a valuable ecosystem for the exchange of ideas, and
as a technology partner, Luxoft will benefit from constant
involvement in diverse technical, business, legal, and academic
communities. We are committed to further strengthening and
expanding the Crypto Valley Association’s core mission through our
technical and thought leadership contributions,” said Vasily
Suvorov, Vice President Technology Strategy Luxoft.
"Thomson Reuters Labs around the world collaborate with
customers to solve big problems and rapidly prototype and validate
solutions across technologies. We have been particularly impressed
with the calibre of individuals in the Zug ecosystem, with
participants bringing novel ideas and engaging in more detailed
discussions than in other forums. The formation of Crypto Valley
Association has already engaged local government,
startups, venture capital and larger corporations. This
gives us access to a pipeline of interesting startups, talent
and an opportunity to participate directly in initiatives driving
the technology,” said David Craig, President Financial & Risk
Business, Thomson Reuters.
For more information on Crypto Valley Association, visit
https://cryptovalley.swiss.
Crypto Valley Association President Oliver
Bussmann is available for interviews.
About Crypto Valley Association:
Founded in January 2017, Crypto Valley Association is a
not-for-profit association established to support the development
and dissemination of cryptographic technologies, blockchain, and
other distributed ledger technologies by supporting startups and
other companies in Zug, Switzerland and internationally. Crypto
Valley’s mission is to shape an open, free, and prosperous
financial services industry of the future.
Board members of the Crypto Valley Association are:
Oliver Bussmann, Founder & Managing Partner Bussmann
Advisory; Vasily Suvorov, Vice President Technology Strategy
Luxoft; Professor René Huesler, Director of the Lucerne School of
Information Technology, Lucerne University of Applied Sciences and
Arts; Sam Chadwick, Director Financial & Risk Innovation
Thomson Reuters; Søren Fog, CEO iprotus.
About Luxoft:
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of
software development services and innovative IT solutions to a
global client base consisting primarily of large multinational
corporations. Luxoft’s software development services consist of
core and mission critical custom software development and support,
product engineering and testing, and technology consulting.
Luxoft’s solutions are based on its proprietary products and
platforms that directly impact its clients’ business outcomes and
efficiently deliver continuous innovation. The Company develops its
solutions and delivers its services from 32 dedicated delivery
centers worldwide. It has more than 12,000 employees across 39
offices in 19 countries in North America, Mexico, Western and
Eastern Europe, Asia Pacific, and South Africa. Luxoft is
incorporated in Tortola, British Virgin Islands, has its operating
headquarters office in Zug, Switzerland and is listed on the New
York Stock Exchange. For more information, please
visit http://www.luxoft.com.
Forward-Looking Statements
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contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements include
information about possible or assumed future results of our
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identify forward-looking statements by terminology such as
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subject to, without limitation, the risk factors discussed under
the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F
for the year ended March 31, 2016 and other documents
filed with or furnished to the Securities and Exchange
Commission by Luxoft. Except as required by
law, Luxoft undertakes no obligation to publicly update
any forward-looking statements for any reason after the date of
this news release whether as a result of new information, future
events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170301005474/en/
Luxoft:Alina V. Plaia, 212-964-9900, ext.
2404Vice-President, Global CommunicationsIR@luxoft.comorPatrick R.
Corcoran, 212-964-9900, ext. 2453Director, Public
RelationsPCorcoran@luxoft.comorCrypto Valley
Association:North America:Wachsman PRDavid Wachsman, +1
212-835-2511david@wachsmanpr.comorEurope:Wachsman PREmma
Walker, +353 857279039emma@wachsmanpr.com
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